Riyadh - Sharikat Mubasher: AstroLabs, a leading business expansion platform in the GCC, partnered with the Bahraini Labour Fund (Tamkeen) to accelerate the regional growth of 17 Bahraini enterprises with the onboarding of a second wave of companies into its Overseas Expansion Program.

Since the launch of the program, AstroLabs and Tamkeen have successfully onboarded two cohorts of high-potential businesses, all poised to solidify their presence in the Saudi market, a recent statement unveiled.

The partnership between AstroLabs and Tamkeen focuses on enhancing the position and competitiveness of Bahrainis in the private sector, equipping them with suitable skills for career development in the private sector, prioritizing enterprise growth, digitization, and sustainability, and supporting the development of the ecosystem surrounding the labor market and private sector. 

Joe Kobrianos, Chief Strategy Officer at AstroLabs, stated that the partnership with Tamkeen aims to help Bahraini businesses on their regional-growth journey and expand into the fast-growing Saudi market.

He emphasized AstroLabs’ commitment to building strong growth corridors and seamless soft-landing experiences and supporting high-growth businesses, from business registration to making key introductions and unlocking access to the local market.

The second cohort of the Overseas Expansion Program encompasses Creative Matter Advertisement, Fathom Media, Gems Industrial Services, Braxtone Group, DOO, Alfaa Graph, Nexcel Computer Solutions, and Loyale.

These companies have shown strong market leadership and strategic ambition, with many already operating in Saudi Arabia. Their next step is to formalize their presence by setting up legal entities and enhancing operations. AstroLabs will support their expansion with end-to-end services, including business registration, compliance, and growth support, along with access to digital tools and expert consultancy.

Marwa AlEskafi, Director of Workforce, Enterprise, and Startup Enablement at Tamkeen, commented: “Our partnership with AstroLabs reflects Tamkeen’s commitment to empowering Bahraini entrepreneurs, equipping them with the necessary tools to scale their operations, and unlocking new opportunities for regional growth.”

Through this partnership, the Bahraini companies from both cohorts join a growing network of over 800 international firms that have expanded into Saudi Arabia with AstroLabs’ support.